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Josh Harris Says Commanders Deal Focused NFL on Private Equity

June 26, 2024, 3:48 PM UTC
Ira Boudway
Ira Boudway
Bloomberg News

Washington Commanders owner Josh Harris said his record-breaking $6 billion deal for the NFL team has helped push the league toward allowing institutional investors into its ownership ranks.

Harris, the co-founder of Apollo Global Management, led a group of more than 15 investors who bought the Commanders last year.

“Raising $3 billion is a lot of work,” Harris said Wednesday at the Bloomberg Invest Summit in New York. “It was the ability to raise the capital that got that deal.”

Josh Harris, lead owner of the Washington Commanders, says that valuations for sports franchises are being driven by the increasing value of media rights and teams “becoming entertainment businesses.” He speaks to Jason Kelly at the Bloomberg Invest Summit in New York. Source: Bloomberg

That process, he said, focused the the league on making future sales easier by allowing private ...

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